HPE trade ideas
HPE reaching the top of the inverted H&S / possible LTF breakoutAfter a long inverted head and shoulders formation on HTFs, the price came to the top of the structure. Now it's reaccumulating on LTF, to break out above 15,40 and then continue above 16,00 once it reaches that level.
Inverted head and shoulders and Wyckoff is in play. There's a possibility that the price will move around a bit, before reaching 15,40 though, so only time will tell. I'm counting on this happening within the next few days.
HPE Target Price 15.89HPE (Hewlett-Packard Enterprise)
H4 Chart
14.78 EMA 10 Close
14.74 Close
14.64 Horizontal Support Resistance
14.64 Fibonacci Retracement at 23.6%
14.62 EMA 20 Close
Daily Chart
14.72 Close
14.64 Horizontal Support Resistance
14.64 Fibonacci Retracement at 23.6%
14.63 EMA 10 Close
14.48 EMA 20 Close
SECOND POSSIBLE SCENARIO FOR HP! DISTRIBUTION!Hello my beauties.
We will wait for the price to move towards the top of the range and give us some more indications. I tend to think that HP is going to show strength regardless, but I would like to react to the price rather than predict it. What looks like a Spring (quick weakness in the price followed by a rapid recovery within the range). The price might also provide the Wyckoff events outlined in this analysis, so we still need to wait for some more information before we can delineate a clear trade setup. Remember that the lines don't intend to predict price action exactly, rather give us a general view of the events that will follow based on the Wyckoff trading strategy.
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX
TWO SCENARIOS FOR HP ACCUMULATION OR DISTRIBUTION?Hello my beauties.
I think HP might be accumulating. The range is clearly defined, but we need to understand whether this was a spring or a sign of weakness. Regardless, we will wait for the price to react to the top of the range by whether breaking it and retesting it successfully, or by breaking out and quickly recovering beneath the red line.
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX
Potential 2Down 2Up Weekly Reversal For HPE Potential 2Down 2Up Weekly Reversal For HPE : Per the Strat, this week I'm watching ticker HPE (Hewlett Packard Enterprise CO) for a weekly entry trigger at 13.60 (last weeks high). If that trigger is met, I'll look for it to reach a magnitude of 14.41 (week before last weeks high). If it can reach magnitude, then it could also continue up to previous highs. Just look out for exhaustion risk to the upside if it continues up after the original 14.41 magnitude.
HPE, Trade review , something I missed originally. I have realized that I need to pay more attention to volume and effect and specifically , anomalies ...
I took HPE as a trade as it broke out of a base and then nothing really happened , the move was not really what you would expect looking at the volume candles and I figured I had found the jackpot . What I realized though is that those are not accumulation candles ! they are a sign that the up-trend was actually becoming exhausted! and we have market makers and or insiders selling into the breakout .
So yes , there was buyers at that time but the big beautiful green candles are actually an illusion , because in reality , if we had that kind of real buying volume come in, the price would show it ( effort vs result , Wyckoff methodology ) .
So , anyways , just wanted to share .I think as the tiny little mites in the trading world one of the best tools we have to see what the smart money is up to is Volume , which coincides with price and when we have an anomaly of these two we must assess what is probably happening . When we have an effort vs result that creates an anomaly we need to investigate like Holmes and Watson lol . I missed to do so on HPE but the trade has helped to improve my knowledge on the importance of volume price action anomalies . Who knows what will happen going forward HPE could continue its climb or it could start to decline but we do have a much better idea what happened on that failed breakout based on the volume and price action .
Perhaps check out Wyckoff's works and I really like Anna Coulling's publications on the subject too ( which are strongly founded on Wyckoff's methodology btw) .
This is all just my personal take , I am not a professional , but I am a dedicated trader who is always trying to review past trades and improve ~
HPE, Looks ready to enter a new high .HPE is setting up well for a BO, I just took a position in the aftermarket (primarily based on todays volume, candle and the base we have formed) . I don't like the looks of its relative strength but most similar stocks are in the same boat at this time given the current trading environment and we closed strong overall today .
Big Potential for HEWLETT PACKARD ENTERPRISE CO
Hello traders, HEWLETT PACKARD ENTERPRISE CO is in a bullish configuration with large executed buy volume and a hammer candle. Looking at the TIMEFRAME M1 we observe a large hammer candle followed by a short trace and a large buy volume traded. It started with breaking the top of the bollinger to reach the top of the comfort zone and check it. There is a great chance of brekouting the price with the momentum, then subsequently the area to go to another. And climb on the high which comes before test for the breakout of the comfort zone and it will check the top of the bullish channel.
Please LIKE & FOLLOW, thank you!
Five types of major support and resistance levelsWant to buy the bottom and sell the top? Want to predict major turning points in a security's price? Want to avoid buying too early or selling too late? Then you need to understand support and resistance levels!
I know a lot of people who mostly trade breakouts. That can be a very successful strategy, and I've used it myself to good effect. But if you buy a breakout after it happens, you pay a "breakout premium"-- especially if you're buying option calls or puts. You'll get a much better price on options if you buy them *before* a breakout or *before* a major change in momentum. How do you do that? Know your support and resistance levels!
Once you know how to identify the different types of support and resistance, you can look to see where several different types of support or resistance coincide . Those will be key price points at which different types of investors who rely on different types of indicators will all buy or sell at the same time.
HPE catch some PLTR hype pls?What is HPE?
HPE aka Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data from edge to cloud. The company offers industry standard servers for multi-workload computing; mission-critical servers; storage solutions; and solutions for secondary workloads and traditional tape, storage networking, and disk products, such as HPE MSA and HPE XP. It also provides mobility and Internet of Things solutions under the Aruba brand, which include wired and wireless local area network products, such as Wi-Fi access points, switches, routers, and sensors; software products, such as cloud-based management, network management, network access control, analytics and assurance, and location services; and professional and support services, as well as as-a-service and consumption models for the intelligent edge portfolio of products. In addition, the company offers various flexible investment solutions, which comprise leasing, financing, IT consumption, and utility programs and asset management services for customers to facilitate unique technology deployment models and the acquisition of complete IT solutions, including hardware, software, and services from Hewlett Packard Enterprise and others. Further, it invests in communications and media solutions, Hewlett Packard labs, and various business incubation projects. The company serves commercial and large enterprise groups, including business and public sector enterprises; and through various partners comprising resellers, distribution partners, original equipment manufacturers, independent software vendors, systems integrators, and advisory firms. Hewlett Packard Enterprise Company was founded in 1939 and is headquartered in San Jose, California.
This is the cloud division of HP and they been really beaten up this year, i think with the way everything is going, this is worth a lotto for some $13 calls for next year.
If it becomes a runner, it'll be like striking gold.
Major Support $9 area, Resistance $13.89 area
My plan?
With all the hype surrounding cloud stocks this year and that crazy PLTR run, maybe it's worth a lotto for some $13 calls for next year.
If it becomes a runner, it'll be like striking gold.